Hackathon 1: Season 2-Use Case 4 | Analyzing tax compliance using Excel & Power BI | CA Shashank Sah
🤖 Boost Your Tax Compliance with AI-Powered Tools
In this insightful session of AI Hackathon: Use Case in Tax Audit, CA. Shashank Sah presents a powerful approach to analyzing tax compliance, focusing on TDS (Tax Deducted at Source) using Excel and Power BI. Shashank demonstrates how to efficiently identify transactions where TDS should have been deducted but was missed, ensuring your tax audits are thorough and compliant. By integrating data from Tally into Excel and Power BI, this method provides a streamlined process for tracking TDS compliance and addressing potential issues before they lead to disallowances.
🌟 Hackathon Highlights
Comprehensive TDS Analysis: Learn how to automate the detection of TDS compliance issues using Excel and Power BI.
Data Integration with Tally: Discover how to seamlessly extract and process data from Tally for detailed analysis.
Efficient Audit Workflows: See how this tool simplifies the audit process, reducing the risk of missed TDS deductions.
Real-Time Compliance Monitoring: Engage with live demonstrations showing how to maintain up-to-date tax compliance.
🧠 Expert Insights from CA. Shashank Sah
Panelist: CA. Shashank Sah
Presentation: Analyzing Tax Compliance using Excel & Power BI
CA. Shashank Sah shares his expertise on leveraging Excel and Power BI to enhance tax compliance, particularly focusing on TDS. His approach involves extracting detailed ledger data from Tally, processing it through customized Excel tools, and then analyzing it in Power BI to identify any gaps in TDS compliance. This presentation is essential for professionals aiming to improve their tax audit processes and ensure that all transactions are properly scrutinized for TDS deductions.
✅ Key Takeaways
Automated TDS Checks: Learn how to set up automated systems for checking TDS compliance across all transactions.
Streamlined Data Processing: Discover techniques for processing large volumes of ledger data efficiently using Excel macros and Power BI.
Proactive Compliance Management: See how to proactively identify and correct non-compliant transactions before they result in tax disallowances.
Connect with Us:
Website: https://ai.icai.org/
Twitter: https://x.com/AIinICAI
Whatsapp: https://www.whatsapp.com/channel/0029...